German industry weak in high-tech segment; Risk of not tapping into promising growth sectors
May 10th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
We reported on Monday that German exports jumped in March to the highest monthly value on record, boosting growth in Europe’s biggest economy. The annual exports/imports were the highest since 1950. However, Deutsche Bank Research warns that while German export industry is currently able to play well to its strength in the mid-tech segment given the demand from booming emerging markets, this strength, however, is tempered by a weakness in the high-tech segment compared to the US above all. German industry thus runs the risk of not tapping into promising growth sectors and not managing to maintain its current vigour in future.